Question
Calculate the future value of a $10,000 investment that earns an annual interest rate of 5% for 5 years, assuming the interest is compounded annually.
Calculate the future value of a $10,000 investment that earns an annual interest rate of 5% for 5 years, assuming the interest is compounded annually. (10 marks)
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
